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Tuesday, May 12, 2009
It Could Take Years
Don't look for a full economic recovery any time soon,according to David Kelly of JP Morgan Asset Management.The market is still dozens of percent below its all-time high.It's gonna be a rocky road.We're not quite out of the woods yet.Investor sentiment is still rather fragile.We could have a long period of years for employment to come back.Stocks are a long term bet,Mr.Kelly says.You do want to have an international position.The other countries will benefit from a U.S. recovery.Indeed,in the long run,they will grow faster than the U.S.,Mr.Kelly predicts.
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